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UNIVERSITY STATE FV

Operated by RING ENERGY, INC. (P-5 712382) in the EMMA (DEVONIAN) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 46771District 08Field 28899166Hydrogen sulphide fieldOilCasinghead gasSaveExport
Value, all time
$34.3 M
Feb 2015 – May 2026
Value, last 12 filed months
$1.1 M
at the published price for each month
Months reported
136
no gaps in the span
Streams
2
oil, casinghead gas

The EMMA (DEVONIAN) field

The Railroad Commission's own record for the field this lease produces from, including the spacing rule that governs how close together its wells may be drilled.

These are facts about the field, not about this lease. The field holds 68 leases and 115 wells, and the rule below applies to all of them.

Discovered
1954-11-27
as the register files it
Field class
Oil and gas
the register's own label
Between wells
0 ft
minimum
From a lease line
330 ft
minimum

A drilling unit in this field needs at least 40 acres. The field rule took effect on 2017-11-07.

The register flags this field for hydrogen sulphide. That is a poisonous gas that occurs naturally in some formations. The flag is a property of the field as the Commission records it. It is not a measurement taken at this lease, and it is not a statement that gas is escaping anywhere.

The Commission's schedule remark for this field reads: “ALLOCATION FORMULA EFFECTIVE 05/01/2018.”

What this lease produced, and what it was worth

Oil and condensate are valued on the volume the state records as disposed of; gas and casinghead gas on the volume produced. They are different columns of different files, and the difference is not cosmetic.

StreamBasisVolumeValue
OilDisposition576,629 bbl$29,892,657
Casinghead gasProduction1,392,023 Mcf$4,425,117
Total$34,317,773

Wells on this lease (1)

Every wellbore the Railroad Commission records against this lease key, with the depth, the last completion and the plug date exactly as filed. A well with no plug date is not stated to be producing — the state files no such flag.

These wells centre on 32.1588, -102.6136. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.15882, -102.61357 · centre of the wells drawn, derived

What these wells add up to

Every figure below is counted over all of this lease's wells, not over the rows listed above. The Railroad Commission files two facts about a well's state — a plug date and a proration-schedule flag — and a well can carry both, so they are published as separate counts and never merged into a status.

On the schedule
0.0%
0 of 1 wells
With a plug date
0.0%
0 of 1 wells
Median depth
10,774 ft
1 wells filed one
Completion to plug
—
no well filed both dates

What the state filed about each well

On the RRC proration schedule
00.0%
A plug date is filed
00.0%
BothOn the schedule and plugged. Neither fact cancels the other.
00.0%
NeitherNo plug date, and not on the schedule.
1100.0%

A plug date is the date the Commission recorded the wellbore as sealed with cement and abandoned. It is the only end-of-life fact Texas files. There is no "active" flag on a well, so this page does not print one — a well with no plug date is not stated to be producing.

How deep they were drilled

The one well that filed a depth was drilled to 10,774 ft.

Completions filed
Feb 2015
1 of 1 wells

1 well

42-003467542H10,774 ftFeb 2015——

The API number is the state's, prefixed 42 for Texas. A well is matched to this lease by the lease key the Commission files on the wellbore record, so a well that has moved between leases appears under each one it was filed against.

Every month this lease reported (136)

Volume × price = value, one row per cycle. The price columns are the same series published on the prices page — nothing here is modelled.

136 months

May 20261,1124,454106.413.05$131,894
Apr 20269234,43998.932.87$104,051
Mar 20261,2974,87589.753.15$131,759
Feb 20261,3024,40863.503.75$99,208
Jan 20269336,17859.138.00$104,579
Dec 20251,3144,27056.664.41$93,296
Nov 20258984,26158.593.93$69,344
Oct 20251,0703,88559.383.30$76,376
Sep 20259084,14562.743.08$69,722
Aug 20257303,84963.933.01$58,273
Jul 20251,2454,31266.743.32$97,386
Jun 20251,0604,28366.483.13$83,869
May 20251,1014,75060.553.23$82,019
Apr 20251,1183,77862.363.54$83,104
Mar 20251,4875,42467.704.27$123,821
Feb 20251,1164,31070.884.34$97,811
Jan 20251,1183,86574.324.28$99,627
Dec 20241,3055,31068.993.12$106,606
Nov 20241,3005,33569.052.20$101,494
Oct 20241,6934,88771.372.28$131,979
Sep 20249696,33869.612.36$82,437
Aug 20241,4746,52075.632.06$124,933
Jul 20241,1275,58579.932.15$102,070
Jun 20241,3315,85278.082.63$119,339
May 20241,4796,46878.812.20$130,780
Apr 20249312,49684.451.66$82,764
Mar 20241,3125,31680.301.55$113,568
Feb 20241,2925,26576.091.78$107,699
Jan 20241,8945,58973.023.30$156,731
Dec 20231,5045,79571.262.61$122,304
Nov 20231,7286,02177.892.81$151,498
Oct 20231,9166,93385.443.09$185,107
Sep 20231,3316,65389.042.74$136,708
Aug 20231,6686,97280.522.67$152,943
Jul 20231,8736,40974.852.64$157,125
Jun 20231,6686,32368.962.26$129,306
May 20232,0526,63970.622.23$159,700
Apr 20231,6736,61578.122.24$145,498
Mar 20232,0657,52172.852.39$168,434
Feb 20232,0596,09175.112.47$169,670
Jan 20232,1986,32276.533.39$189,630
Dec 20221,7767,46676.415.73$178,477
Nov 20221,8738,04385.005.65$204,617
Oct 20222,0198,00787.185.86$222,968
Sep 20221,8085,17284.888.16$195,686
Aug 20221,3045,96794.529.13$177,716
Jul 20221,8018,177101.587.54$244,617
Jun 20222,2877,548115.097.98$323,423
May 20222,3077,366109.378.43$314,434
Apr 20222,1508,038104.226.84$279,034
Mar 20222,6929,692108.885.08$342,305
Feb 20221,6046,28691.054.86$176,587
Jan 20222,5997,77881.844.54$247,996
Dec 20212,3809,17071.323.90$205,497
Nov 20212,1868,46577.435.24$213,592
Oct 20211,9977,95679.795.71$204,800
Sep 20212,0016,86169.865.35$176,503
Aug 20211,9746,70466.024.22$158,618
Jul 20212,3577,51170.783.98$196,738
Jun 20211,9748,62169.493.38$166,318
May 20211,8045,96563.483.02$132,518
Apr 20212,5367,38660.362.76$173,447
Mar 20212,1658,77061.302.72$156,542
Feb 20211,4567,74157.805.55$127,103
Jan 20212,7099,93250.412.81$164,472
Dec 20202,8788,72544.642.68$151,817
Nov 20201,7945,78238.772.71$85,203
Oct 20202,1938,24136.972.48$101,500
Sep 20202,4957,70937.091.99$107,888
Aug 20202,3056,97439.982.39$108,788
Jul 20202,4591,70938.371.83$97,471
Jun 20202,1723,12034.901.69$81,077
May 20202,0051,90716.921.81$37,385
Apr 20201,28148314.751.80$19,766
Mar 20202,200030.341.86$66,748
Feb 20202,3419949.881.98$116,965
Jan 20202,3574,48357.252.09$144,329
Dec 20191,9516,21059.012.30$129,439
Nov 20192,50114,25955.302.75$177,528
Oct 20191,7408,39253.472.42$113,334
Sep 20192,4765,48755.052.66$150,884
Aug 20192,9919,50553.112.30$180,755
Jul 20192,1627,86056.272.46$140,992
Jun 20192,5649,41752.782.49$158,788
May 20193,16810,91758.482.74$215,181
Apr 20192,9729,42762.632.75$212,067
Mar 20193,3907,85056.803.06$216,589
Feb 20193,0148,06150.852.79$175,770
Jan 20193,6806,99546.033.23$191,972
Dec 20183,71310,08346.594.19$215,190
Nov 20183,5389,66652.934.24$228,224
Oct 20183,88313,64361.443.40$284,932
Sep 20183,85813,96159.543.11$273,096
Aug 20184,01812,12059.403.07$275,836
Jul 20184,17311,34465.142.93$305,088
Jun 20184,53013,64960.183.08$314,612
May 20184,28913,98265.382.90$320,974
Apr 20184,91413,40363.842.90$352,589
Mar 20185,22821,77261.222.79$380,733
Feb 20185,02919,29061.782.77$364,050
Jan 20184,63316,33162.874.01$356,753
Dec 20174,70317,55657.272.92$320,631
Nov 20175,59718,07155.423.12$366,538
Oct 20176,11319,44149.292.98$359,315
Sep 20175,70322,88247.523.09$341,650
Aug 20176,41618,37945.373.00$346,312
Jul 20176,80421,71943.873.09$365,544
Jun 20176,76122,84642.493.09$357,807
May 20174,47612,67145.373.26$244,427
Apr 20176,23616,06247.933.21$350,476
Mar 20178,42620,65346.772.98$455,706
Feb 20178,78325,44350.452.95$518,225
Jan 20178,60727,30349.413.42$518,615
Dec 20169,59627,35448.763.72$569,735
Nov 201611,23923,47942.492.64$539,632
Oct 201611,38426,76846.193.09$608,547
Sep 201610,35123,10141.553.10$501,712
Aug 201611,56121,84541.442.92$542,970
Jul 201612,89023,96941.622.92$606,575
Jun 201612,95224,41445.352.69$652,945
May 201614,74932,75942.521.99$692,352
Apr 201614,23626,82936.561.99$573,886
Mar 201613,31921,84833.011.79$478,856
Feb 20169,68715,98126.472.06$289,394
Jan 20167,15310,39927.352.36$220,222
Dec 201510,30613,71132.362.00$360,943
Nov 20155,3137,79138.792.17$222,977
Oct 201520,53425,87043.552.43$957,031
Sep 201520,73423,83542.992.76$957,102
Aug 20159,8339,49740.162.87$422,173
Jul 2015177048.152.95$8,523
Jun 201527,37126,27756.152.88$1,612,635
May 20158,8727,67655.212.96$512,509
Apr 20154,2845049.822.71$213,564
Mar 201533,66528,06642.892.93$1,526,257
Feb 20155701,25944.662.98$29,203

How to read this page

The arithmetic is one multiplication per stream per month. Here it is, worked, on a real row from the table above.

May 2026 — as filed, then multipliedworked
Oil                1,112 bbl  × $106.41 =   $118,328
Casinghead gas     4,454 Mcf  × $  3.05 =    $13,566

────────────────────────────────────────────────────
Month total                                 $131,894

The volumes are the state's, unchanged

Every barrel and every Mcf on this page is a number the Railroad Commission of Texas published in its monthly production query. Nothing is modelled, estimated or filled in.

The dollars are a multiplication, not a valuation

Volume × a published monthly price. It is not what the operator was paid: it takes no account of a contract, a differential, a transportation deduction, or the share any one owner holds.

Oil and gas are priced differently

Oil is a Texas realisation — the crude oil first purchase price. Gas is a benchmark, because no free Texas wellhead gas series exists at any date. The prices page publishes the difference rather than correcting it away.

A lease is not a well

The state reports oil on lease and gas on well, and this page is the lease grain. 08/O/46771 is the state's own key, not one this site invented.